HomePress-Releases North America and Latin America Account for Major Revenue Share in Tortilla Market

North America and Latin America Account for Major Revenue Share in Tortilla Market

Press release Description

Albany, New York, December 26, 2018: The consumption of tortilla has increased dramatically over the past few years. Tortilla is a staple food for the Hispanic population, it has been predicted that North America and Latin America will have more than 70% share in the market because of the growing demand for Hispanic cuisine in these regions.

The global tortilla market is predicted to be expanding at around 4% CAGR during the forecast period 2018-2028. Tortilla market has been divided into various segments such as region, processing type, nature, source, product type, and sales channel.

On the basis of nature segment, organic-certified tortilla is estimated to grow at a CAGR of 4.1% revenue-wise because of organic certification and the increase in the awareness of the quality of the product. On the basis of region, Asia Pacific will clock at a CAGR of 7.4% through 2028.

Busy lifestyle, increase in working population are some of the drivers of the tortilla market. The launch of different flavored tortilla flour such as traditional, corn-based, and sweet potato will have a positive impact on the market, thereby fueling the growth of tortilla market.

Tortilla Market: Highlights

The report provides detailed analysis on the global tortilla market. Various factors that influence the rise of the tortilla market have been covered in this report. Several macro- and micro-economic factors namely opportunities, challenges, restraints, drivers, and trends prevalent in the global market have been covered in the report.

The report represents key segments of the global tortilla market with the aid of a taxonomy table. Additionally, the report also offers information on the adoption and demand trends that affect the tortilla market across various regions in the world.

A well-structured process was implemented to gain essential insights that are included in this market research report. Systematic segmentation of the market has been included in the report to give readers detailed insights about the market.

All the information covered in this report is backed by a robust methodology. Exhaustive primary and secondary researches have been conducted to get important insights included in the tortilla market report. This report serves as a credible resource for the readers, which in turn will assist them in forming effective strategies for the growth of their business in tortilla market.

Analysts who have assembled the information in this report have done extensive qualitative and quantitative assessment on the tortilla market with the help of information and insights taken from industry experts, company annual reports and publications.

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